simplenickel

I'm a:	Buyer & Seller
Location:	San Francisco
Web sites:	The Flipping Pad

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simplenickel's Questions (2)

simplenickel's Answers (51)

How do i get more info.on a pre foreclosure home. Is the price you see on the website the price you pay?

Asked Tue Feb 12 2008, 13:27 by David Craig - Kissimmee - Foreclosure - 12 answers

simplenickel answered:

Not likely, most pre-foreclosures (80%+) never make it to foreclosure, and even then, the data provided by the national real estate foreclosure tracking firms are not exact. - Thu Feb 14 2008, 21:48

Foreclosure Homes - How do you buy them and is it wise?

Asked Sun Jan 27 2008, 10:45 by Kim - Florida - Foreclosure - 16 answers

simplenickel answered:

Foreclosures present the most opporunity for gains, but also the most opportunity for risk. The best place to start is reading up on respected resources and then swing by your local county auction. Plan on spending atleast 20% of the value of the home to fix it up if you make a purchase.

Goodl luck. - Thu Feb 14 2008, 21:47

how reliabe are estimates on zillow.com?

Asked Thu Feb 14 2008, 14:41 by Sanjoy - Lake Bluff - Home Buying - 8 answers

simplenickel answered:

I always go with the low number on all the estimate sites and then average them from there. However, if your in an area where homes rarely sell, your pretty much outta luck. Here in San Francisco, or any metropolitan area, zillow can get pretty accurate.

Some other sites to check out, both free:
eppraisal
propertyshark - Thu Feb 14 2008, 21:43

Is now a good time to get into flipping homes in Oakland? If so, what neighborhoods would you suggest?

Asked Sun Jan 13 2008, 11:58 by Ryan - Oakland - Home Buying - 8 answers

simplenickel answered:

I run a website devoted to flipping homes, and even I would have to admit now may not be the best time. However, their are opportunities for investors. Just gotta be extremely careful when selecting the property and have a EXCELLENT exit strategy should your house flip go wrong. (I don't mind holding my homes as rental units and make sure the CAP rate on anything I buy for a flip is extremely high)

Shameless Plug - Stop by our site if you have questions, we were mentioned by the trulia folks a few months ago on the truliablog and at Real Estate Connect. - Fri Jan 25 2008, 21:47

Foreclosure Stats

Asked Wed Jun 6 2007, 12:48 by Richard Fris… - Fort Lauderdale - Foreclosure - 2 answers

simplenickel answered:

Have you tried propertyshark.com, realtytrac.com or foreclosure.com? Are your looking for market analysis or prospective properties? - Wed Jun 6 2007, 21:06

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